Help to Buy Equity Loan

We can help  with your Help to Buy Equity Loan mortgage

Could the Help to Buy Equity Loan scheme help you buy your first home?

Newbury Building Society supports this scheme, the aim of which is to enable buyers to purchase a home of their own at a price they can afford.

On this scheme the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest. You won’t be charged loan fees on the 20% loan for the first five years of owning your home.

For more information on Help to Buy Shared Equity Loans visit the government's Own Your Home website, read our Mortgage Scheme guide or contact us today.

HOW WE CAN HELP IF YOU ARE LOOKING AT A MORTGAGE SCHEME:
  • We are experienced and knowledgable in affordable housing mortgages and mortgage schemes
  • We partnered with West Berkshire Council to launch ‘First Step, Next Step’, a way of helping potential buyers raise the deposit required for a mortgage. (Open to people who live or work in West Berkshire.)
  • We guarantee that you will always be able to speak to a person, not a computer.
WE CAN ALSO HELP IF YOU ARE LOOKING AT A HELP TO BUY REMORTGAGE, IN THE FOLLOWING CIRCUMSTANCES:
  • Remortgage like-for-like - so you keep your current mortgage balance and existing goverment loan but just move the mortgage from your existing lender to Newbury Building Society.
  • Remortgage and partially staircase - you increase your mortgage balance when moving the loan and use this to pay back some of your government loan.
  • Remortgage and fully repay your government loan. 
MAKE AN APPOINTMENT WITH A QUALIFIED MORTGAGE ADVISER 

For further information on mortgage appointments see our making a mortgage appointment page for further details. 

Appointments with our qualified mortgage advisers can be made on Saturday mornings and can be undertaken by telephone or by videocall. 

Book a mortgage appointment online now

Appointments are available by video call and phone.

Book now
Own Your Home

The government website Own Your Home has full details about the Help to Buy Equity Loan mortgage scheme.

Visit site

Help to Buy Equity Loan mortgages

Product Initial rate APRC Mortgage fees Max LTV Features
Existing Borrowers Help to Buy 3 year Fixed rate until 29 September 2024 75% LTV 1.99%fixed 3.4% None None None None 75%
Existing Borrowers Help to Buy 5 year discount 75% LTV 1.59%discounted 2.9% £0 None None None 75%
Help to Buy 3 year discount 75% LTV 1.69%discounted 3.2% £600 Purchase £850 Remortgage 75%
Help to Buy 5 year discount 75% LTV 1.69%discounted 2.9% £600 Purchase £850 Remortgage 75%
Help to Buy fixed rate until 29 September 2024 75% LTV 2.24%fixed 3.5% £600 Purchase £850 Remortgage 75%
Help to Buy fixed rate until 29 September 2026 75% LTV 2.49%fixed 3.1% £600 Purchase £850 Remortgage 75%
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